The real causes of the bubble were rapid changes in the mortgage lending industry, rating agencies that didn’t account for those changes, combined with a lack of regulatory oversight. 1/ — Bill McBride (@calculatedrisk) February 16, 2020
The real causes of the bubble were rapid changes in the mortgage lending industry, rating agencies that didn’t account for those changes, combined with a lack of regulatory oversight. 1/
— Bill McBride (@calculatedrisk) February 16, 2020